Class Changes Planned

The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee is beginning work on its next regulatory filing.  Already in the works are plans to reassign employers covered by some … Read More »

DIR Aims At Medical Fraud

The Department of Industrial Relations’ is bulking up its anti-fraud unit to find and take down medical providers who are cheating the state’s workers’ comp system. A veteran prosecutor will be leading the project. The team is charged with mining the vast amounts of data the state collects on every workers’ comp claim to find … Read More »

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28 Classes See Rate Hikes

Insurance Commissioner Ricardo Lara approved workers’ comp advisory pure premium rates for September 1st that, on average, are 3.4% lower than the rates he approved for January 1, 2021. But while the rates for the vast majority of classes are going down, there are dozens of classes seeing rates increase starting with new or renewal … Read More »

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CDI Averages Frequency Projections For Rate Decision

Insurance Commissioner Ricardo Lara approved September 1, 2021, pure premium advisory rates that essentially split the difference between the insurance industry’s request for a 2.7% rate increase and an independent actuary’s recommendation for an 8.2% decrease. The final recommendation for a 3.4% decrease was not the only place where the California Department of Insurance divided … Read More »

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Workers’ Comp Rate Decision

Insurance Commissioner Ricardo Lara again rejected the insurance industry’s request for an increase in the state’s workers’ comp advisory pure premium rates and approved a 3.4% decrease for rates as … Read More »

CDI Focuses On Frequency in Workers’ Comp Rate Filing

The California Department of Insurance continues to review the insurance industry’s request for a 2.7% workers’ comp rate hike. Documents obtained by Workers’ Comp Executive indicate that an important area of focus is the Workers’ Compensation Insurance Rating Bureau’s indemnity claim frequency projection. The difference between the Bureau’s projection and one developed by an independent … Read More »

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